Electronic Arts (EA) Given “Buy” Rating at Oppenheimer
Electronic Arts (NASDAQ:EA)‘s stock had its “buy” rating reiterated by equities researchers at Oppenheimer in a research report issued on Wednesday. They presently have a $130.00 price target on the game software company’s stock. Oppenheimer’s target price indicates a potential upside of 16.15% from the company’s previous close.
A number of other brokerages have also weighed in on EA. Zacks Investment Research raised shares of Electronic Arts from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a research note on Friday, October 27th. Wedbush reaffirmed a “buy” rating on shares of Electronic Arts in a research note on Tuesday, January 2nd. Goldman Sachs Group lowered shares of Electronic Arts from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. Barclays began coverage on shares of Electronic Arts in a research note on Wednesday, October 4th. They issued an “overweight” rating and a $129.00 price target on the stock. Finally, Morgan Stanley downgraded shares of Electronic Arts from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $112.00 to $126.00 in a report on Friday, January 12th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $122.26.
Shares of Electronic Arts (NASDAQ EA) traded down $1.21 during trading on Wednesday, reaching $111.92. 3,570,700 shares of the company were exchanged, compared to its average volume of 3,856,130. The stock has a market cap of $34,810.00, a price-to-earnings ratio of 29.53, a PEG ratio of 1.86 and a beta of 0.61. Electronic Arts has a 1 year low of $78.89 and a 1 year high of $122.79. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.38 and a quick ratio of 2.38.
In other news, insider Andrew Wilson sold 10,058 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $113.81, for a total transaction of $1,144,700.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jacob J. Schatz sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $113.60, for a total transaction of $113,600.00. Following the sale, the senior vice president now owns 20,950 shares of the company’s stock, valued at approximately $2,379,920. The disclosure for this sale can be found here. Insiders have sold a total of 67,516 shares of company stock valued at $7,357,395 in the last 90 days. Insiders own 2.55% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Veritable L.P. increased its holdings in Electronic Arts by 1.5% in the 2nd quarter. Veritable L.P. now owns 7,443 shares of the game software company’s stock valued at $787,000 after purchasing an additional 113 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in Electronic Arts by 3.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 11,690 shares of the game software company’s stock valued at $1,236,000 after buying an additional 390 shares during the period. Independent Advisor Alliance boosted its position in Electronic Arts by 11.0% in the 3rd quarter. Independent Advisor Alliance now owns 4,573 shares of the game software company’s stock valued at $542,000 after buying an additional 452 shares during the period. Oregon Public Employees Retirement Fund boosted its position in Electronic Arts by 1.5% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 32,967 shares of the game software company’s stock valued at $3,892,000 after buying an additional 478 shares during the period. Finally, Commerce Bank boosted its position in Electronic Arts by 13.4% in the 3rd quarter. Commerce Bank now owns 4,111 shares of the game software company’s stock valued at $485,000 after buying an additional 485 shares during the period. Hedge funds and other institutional investors own 93.53% of the company’s stock.
Electronic Arts Company Profile
Electronic Arts Inc develops, markets, publishes and distributes games, content and services that can be played by consumers on a range of platforms, which include consoles, personal computers (PCs), mobile phones and tablets. The Company’s games and services are based on a portfolio of intellectual property that includes established brands, such as FIFA, Madden NFL, Star Wars, Battlefield, the Sims and Need for Speed.
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